As a public utility holding company, Sempra Energy (SRE) might not be the most exciting investment to elect. Indeed, the Barchart Technical Opinion indicator goes the extra step, labeling it a “strong sell” (magnitude 100% in fact), noting that the short-term outlook suggests a continuation of the current bearish trend. However, investors should keep open the possibility of an upswing on the horizon.
Sure, present circumstances don’t look particularly inviting. Since the January opener, SRE stock slipped just over 6%. In contrast, over the same period, the benchmark S&P 500 index moved up more than 15%. Put another way, merely selecting a basket of securities tied to the leading (read relatively boring) companies in the U.S. easily outperforms Sempra.
